Farmersville, IL is a small town with a population of approximately 1,500 people. It offers a peaceful atmosphere and is filled with friendly locals. The cost of living in this town is quite low compared to other parts of the country. The average rent for a two bedroom apartment is $800 per month whereas in the US it would be an average of $1,430 per month. Additionally, the Grocery Cost Index is 93 versus 100 in the US on average.
There are many local businesses that can be found in Farmersville such as Wright’s Hardware & Rental Center which specializes in tools and equipment rental services and Lamb & Sons Automotive which provides car repairs. Furthermore, there are several restaurants such as Pizza Hut, Subway and Taco Bell for those who wish to grab a bite to eat. All in all, Farmersville offers an affordable cost of living while still providing all the amenities that one might need during their stay.
Farmersville has an unemployment rate of 6.4%. The US average is 6.0%.
Farmersville has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Farmersville
- The Sales Tax Rate for Farmersville is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Farmersville is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Farmersville
- The average income of a Farmersville resident is $22,141 a year. The US average is $28,555 a year.
- The Median household income of a Farmersville resident is $59,423 a year. The US average is $69,021 a year.